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Manama – TAKAUD, the specialist provider of savings, investment and pension solutions for the MENA region, will be participating in the 3rd Sovereign Investments Forum, organised by the Islamic Development Bank, in Bali, Indonesia from April 10 to 12, 2017.
The Forum brings together leaders and top executives responsible for Sovereign investments, treasury departments and pension agencies in Islamic countries globally, to discuss investment programs and opportunities, sustainable development goals and public-private partnerships. TAKAUD’s Chief of Government Business and Communications, Ebrahim K. Ebrahim will participate, representing TAKAUD at the event.
“This is an excellent opportunity for TAKAUD to learn about Islamic countries’ investment needs and share information about our technical expertise and experience in the areas of open-architecture investments and pension scheme administration,” Mr. Ebrahim said. “TAKAUD will highlight the great potential for Public Private Partnerships to work successfully for pension provision and administration in the Islamic world. The public sector is the first pension pillar. Its efforts are complemented by the private sector, which can provide the second and third pension pillars—employer-sponsored pension schemes and individual pension plans—to supplement the government programs and make pension systems more sustainable.”
The Islamic Development Bank is an international Islamic financial institution, which was incorporated in 1975 in Jeddah, KSA. The bank fosters the economic development and social progress of member countries and Muslim communities individually and jointly, in accordance with the principles of Sharia law.
TAKAUD, a member of the KIPCO Group, is the MENA Region’s leader in pension solutions. They organised and hosted the MENA Pensions Conference, a major international event that is scheduled for its second occurrence, in Bahrain next October.
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About Takaud Savings and Pensions B.S.C (c)
TAKAUD Savings and Pensions B.S.C. (c) is licensed as an Investment Business Firm (Category 1) by the Central Bank of Bahrain (CBB) and is a closed joint stock company incorporated in the Kingdom of Bahrain.
TAKAUD provides long term savings, investment and pension solutions to individuals and corporations in the local and expatriate communities across the MENA region.
TAKAUD is 50% owned by Kuwait Projects Company (Holding) K.S.C. (c) (KIPCO) and 50% by United Gulf Bank, a member of the KIPCO Group.
The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32.7 billion as at 31 December 2016. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.
TAKAUD Savings and Pensions B.S.C. (c),
UGB Tower 7th Floor | Diplomatic Area |P.O Box 65167| Manama| Kingdom of Bahrain
Office: (+973) 17511611
Email: info@takaud.com
www.takaud.com
© Press Release 2017
